The Secret System that Blew Another Hole in the Euro

by Martin Hutchinson, Global Investing Strategist
Money Morning

This may sound arcane and boring, but I promise you it’s not.

What I’ve learned will blow yet another hole in the already shaky euro.

It begins with Bernd Schunemann, a law professor at the Ludwig-Maximilian University in Munich. He has sued the German Bundesbank over its participation in the Eurozone “Target-2″ settlements system.

Now I’ll be the first to admit that yes, my eyes do glaze over when thinking about settlements systems-and I used to be a merchant banker.

But looking at the details of the case I had something of a banker’s moment of clarity.

Continue Reading at MoneyMorning.com…

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